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Energy services giant Subsea 7 has announced plans to cut 410 jobs across its UK operations in Aberdeen and London.

The job cuts, to be implemented by the end of the year, will affect both full-time and contractor staff.

Subsea 7, which is North Sea-focused but with global operations, said the UK cuts are part of a wider plan to cut around 2,500 jobs from its 13,000-strong workforce spanning 25 countries.

The company, which currently employs around 1,800 staff in Aberdeen and around 80 in London, said it was implementing a cost reduction programme “in view of the difficult business and economic conditions in the oil and gas market and declining workload”.

Cost reduction measures will include re-sizing of its fleet and workforce, and the restructuring of its corporate organisation.

The company, which specialises in seabed installations and pipe laying, said it will reduce its global fleet by 11 vessels in the next 12 months, having ended the 2014 year with 39 in total with a further five vessels under construction.

Subsea 7 chief executive Jean Cahuzac said: “These cost reduction plans will allow us not only to adapt to present market challenges but also to maintain our competitiveness and the long-term viability of our business.

“This will enable us to emerge stronger once the downturn ends.

“Reducing employment is not a decision we take lightly but one that is necessary in today's difficult oil and gas environment.”

“While implementing the restructuring of our organisation, we remain committed to preserving our core capabilities and investing in key enabling technologies to deliver cost-effective solutions to our clients through all stages of the oil price cycle.”